O
orlat
Guest
Age: 60
Spouse’s/Partner's age: 63
Annual gross income from employment or profession:33000
Annual gross income of spouse: 28000 approx
Type of employment: e.g. Civil Servant, self-employed Private sector
Spouse - short contract
In general are you:
(a) spending more than you earn, or
(b) saving? saving
Rough estimate of value of home 270000
Amount outstanding on your mortgage: 389000
Edited by Brendan Burgess for clarity. Are the figures correct?
Home: value: €270k ; mortgage:389j; deficit: €120k
Investment Cottage: Value: 140kMortgage:€250k; Deficit: €110k
Old family home;Value : 200k; mortgage: 0 ; value €200k
Net deficit: €30k
What interest rate are you paying? 5.25 io
Other borrowings – car loans/personal loans etc
investment property - was 290000, balance 250000 IO
Do you pay off your full credit card balance each month?dont use it
If not, what is the balance on your credit card?
Savings and investments:
was supposed to be the investment property
Do you have a pension scheme?
no
Do you own any investment or other property? see above
Ages of children: none
Life insurance: no
What specific question do you have or what issues are of concern to you? We bought at the height of the boom, and failed to sell our original home as my brother wanted to buy it (its built on part of his land, the tail end of the farm). He changed his mind, but we were'nt too worried at the time as we thought we could sell anytime. We had had a cottage as an investment, and were renting that out )and still are) with a view to selling it this year, as the IO is up in April. Its with ptsb and we got a letter asking for principal and interest on the cottage. Its worth so little that we're lucky to be renting it at all, and have also been able to rent out old home to a man working on the farm, but for very little (400 pm). My husband lost his job last september and is doing a driving job, and there is talk of redundancies at my office, but no action yet. We really dont know where to turn. Quite sick with worry. Will we go bankrupt?
Spouse’s/Partner's age: 63
Annual gross income from employment or profession:33000
Annual gross income of spouse: 28000 approx
Type of employment: e.g. Civil Servant, self-employed Private sector
Spouse - short contract
In general are you:
(a) spending more than you earn, or
(b) saving? saving
Rough estimate of value of home 270000
Amount outstanding on your mortgage: 389000
Edited by Brendan Burgess for clarity. Are the figures correct?
Home: value: €270k ; mortgage:389j; deficit: €120k
Investment Cottage: Value: 140kMortgage:€250k; Deficit: €110k
Old family home;Value : 200k; mortgage: 0 ; value €200k
Net deficit: €30k
What interest rate are you paying? 5.25 io
Other borrowings – car loans/personal loans etc
investment property - was 290000, balance 250000 IO
Do you pay off your full credit card balance each month?dont use it
If not, what is the balance on your credit card?
Savings and investments:
was supposed to be the investment property
Do you have a pension scheme?
no
Do you own any investment or other property? see above
Ages of children: none
Life insurance: no
What specific question do you have or what issues are of concern to you? We bought at the height of the boom, and failed to sell our original home as my brother wanted to buy it (its built on part of his land, the tail end of the farm). He changed his mind, but we were'nt too worried at the time as we thought we could sell anytime. We had had a cottage as an investment, and were renting that out )and still are) with a view to selling it this year, as the IO is up in April. Its with ptsb and we got a letter asking for principal and interest on the cottage. Its worth so little that we're lucky to be renting it at all, and have also been able to rent out old home to a man working on the farm, but for very little (400 pm). My husband lost his job last september and is doing a driving job, and there is talk of redundancies at my office, but no action yet. We really dont know where to turn. Quite sick with worry. Will we go bankrupt?